Shell Posts Highest Quarterly Profit Since 2022, Raises Buyback
Shell reported third-quarter net profit of $10.81 billion, above analysts’ average estimate of $10.33 billion. Record refining margins and stronger LNG performance helped the result, and the company raised its share buyback.
Shell NYSE:SHEL delivered its highest quarterly profit since 2022 and raised its share buyback after record refining margins and stronger LNG performance helped the oil major beat expectations.Third-quarter net profit came in at $10.81 billion, above analysts' average estimate of $10.33 billion and…